Interest rates are still great but rising.Â If you are on the fence for buying, now is the time to take a serious look and get out there and get moving.Â Take advantage of this great market of inventory, rates, and tax credit benefits.Â I was looking through the home stats yesterday to send a client a list ofÂ homes in a few different towns,Â what I found to were a high number that have recently gone under contract.Â Â Buyers are buying, don’t miss out.Â If you are selling, make sure you have a competitive price.
“Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to the NATIONAL ASSOCIATION OF REALTORS Â®. Mayâ€™s increase was the first back-to-back monthly gain since September 2005.
Existing-home sales â€“ including single-family, townhomes, condominiums and co-ops â€“ rose 2.4 percent to a seasonally adjusted annual rate of 4.77 million units in May from a downwardly revised level of 4.66 million units in April. Sales remained 3.6 percent below the 4.95 million-unit pace in May 2008.”